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Apple's Tim Cook Got A Raise Of More Than $1 Million Last Year, Earning More Than $10 Million

Darpan News Desk The Canadian Press, 08 Jan, 2016 11:25 AM
    SAN FRANCISCO — Apple CEO Tim Cook got a raise of more than $1 million last year, though he didn't make as much as his top lieutenants.
     
    The tech company says in a filing that Cook's total pay was nearly $10.3 million, including $2 million salary, an $8 million bonus and $209,000 for private security. Apple paid five senior vice-presidents more than $25 million apiece, including stock grants worth $20 million.
     
    Cook hasn't received stock in recent years. He was given restricted grants worth $384 million in 2011, when he became CEO.
     
    Apple earned a record $53 billion profit on sales of $233.7 billion in the fiscal year ending in September. Its stock rose 15 per cent during that period, although shares have sagged recently amid worries about Apple's ability to keep growing.

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    Eastern Canadian Ski Resorts Wait For The White Stuff As It Piles Up Out West

    Eastern Canadian Ski Resorts Wait For The White Stuff As It Piles Up Out West
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    Canadians With Marijuana Convictions Call On Justin Trudeau To Offer Pardons

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    Presses Under Pressure: Advertisers Expected To Speed March To Digital Media

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    Baby Girl Died: Manitoba Judge Says Northern Health Care 'Challenging'

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    Bill And Hillary Clinton To Become Grandparents, Again

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